HUD

U.S. Department of Housing and Urban Development (HUD) is the nation’s housing agency committed to increasing homeownership, particularly among minorities; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development, and enforces the nation’s fair housing laws.

The U.S. Department of Housing and Urban Development (HUD) today announced an agreement to resolve a discrimination complaint brought by fair housing advocates against Maryland’s Department of Housing and Community Development (DHCD) challenging the fairness of the State’s Low-Income Housing Tax Credit Program.

WASHINGTON, DC - February 6, 2013 - (RealEstateRama) -- The Department of Housing and Urban Development today allocated over $8 million in Community Development Block Grant (CDBG) Disaster Recovery funding to Maryland, representing the first round of CDBG grants from the Disaster Relief Appropriations Act of 2013signed into law by President Obama on January 29. This is the fastest HUD has allocated CDBG funding to grantees following the passage of a funding bill.

WASHINGTON, DC - December 8, 2009 - (RealEstateRama) -- The Federal Housing Administration (FHA) today announced that it is immediately suspending Equitable Trust Mortgage Corporation (ETM) of Baltimore, Maryland, thereby preventing the Company from originating and underwriting new FHA-insured mortgages. FHA is imposing this action because ETM improperly overcharged 37 borrowers for broker and loan origination fees in excess of what the U.S. Department of Housing and Urban Development currently allows. HUD discovered that these unauthorized fees were charged to a substantially greater percentage of minority borrowers (68 percent) than non-minorities.

Recent

U.S. Senators Ben Cardin and Chris Van Hollen, Congressmen Elijah Cummings, Dutch Ruppersberger and John Sarbanes (All D-Md.) have announced more than $1 million in affordable housing grants for Baltimore City and the region, including: $322,500 for the Neighborhood Housing Services